According to the latest report by IMARC Group, "Global Remote Deposit Capture Market Analysis, Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027", the global remote deposit capture market reached a value of US$ 270.1 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 431.0 Million by 2027 exhibiting a CAGR of 7.70% during 2022-2027.
Remote deposit capture (RDC) represents the service provided by banks to manage the check depositing process remotely. It includes scanning the checks, sharing the deposits with financial institutions, verifying the details and images, etc. In addition to this, RDC allows the customers to monitor statements and transmit scanned images via an encrypted internet connection. It also assists in improving the cash flow, removing the need to visit the bank, enhancing business operations, 24/7 availability, minimizing risks, etc. As a result, remote deposit capture is widely utilized by small, medium, and large enterprises across the globe.
Report Metric
- Historical: 2016-2021
- Base Year: 2021
- Forecast Year: 2022-2027
Remote Deposit Capture Market Trends and Drivers:
The growing utilization of smartphones is one of the primary factors driving the remote deposit capture market. Besides this, the increasing digitization levels across the banking industry are enhancing the core processing capabilities by enabling customers to remotely deposit gift checks, paychecks, refund checks, etc., which is further augmenting the market growth.
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Moreover, the inflating adoption of RDC to provide instant notifications for deposited funds and various other benefits, such as high-speed, convenience, hassle-free services, etc., is acting as another significant growth-inducing factor. Apart from this, the escalating demand for data analytics processes to enable real-time detection and reduce the risk of frauds is also propelling the global market.
Furthermore, the introduction of numerous technological advancements, including artificial intelligence (AI) and the Internet of Things (IoT), to make secure payments, improve efficiency, provide prompt customer assistance, etc., is projected to bolster the remote deposit capture market in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Remote Deposit Capture Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Alogent, Checkalt LLC, Digital Check Corp., EFT Network, FIS, Fiserv Inc., Jack Henry & Associates Inc., Jaguar Software, Mitek Systems Inc., NCR Corporation, Northern Trust Corporation and ProgressSoft Corporation.
The report has segmented the market on the basis of region, component, deployment and enterprises.
Breakup by Component:
- Solution
- Service
Breakup by Deployment:
- On-premises
- Cloud-based
Breakup by Enterprises:
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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The Remote Deposit Capture Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Remote Deposit Capture market include New York Mellon Corporation, Branch Banking & Trust Corporation, Citibank, Mansfield Bank, Bank of America.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Remote Deposit Capture Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/remote-deposit-capture-market/download-sampleMarket DynamicsRemote deposit capture is one of the fastest-growing trends in banking technology.
The reason behind this is the convenience of depositing money from any location with a scanner, computer and internet connection, and makes those deposited funds available.
RDC technology helps to streamline and improve the efficiency of bank operations that is processing check deposits.
COVID-19 Impact Analysis on Remote Deposit Capture Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Remote Deposit Capture Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/remote-deposit-capture-market/download-sampleMarket DynamicsRemote deposit capture is one of the fastest-growing trends in banking technology.
The reason behind this is the convenience of depositing money from any location with a scanner, computer and internet connection, and makes those deposited funds available.
RDC technology helps to streamline and improve the efficiency of bank operations that is processing check deposits.
The technology also helps remain competitive, cut costs, attract new customers, and boost revenues.
The Lecture Capture System market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the lecture capture system market include Cattura Video, Cisco Systems, Inc., Crestron Electronics, Inc., Echo360, Inc., Haivision, Kaltura, Inc., Mcgraw-Hill Education, Inc., Panopto, Sonic Foundry, Inc., Techsmith Corporation, Vbrick and Yuja Corporation.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Lecture Capture System Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/lecture-capture-system-market/download-sampleMarket DynamicsRising integration of AV system in the classroom is driving the market growth.
The increasing focus of the governments towards digitalization coupled with a growing inclination in the direction of distant learning is further fueling the market demand.
Despite this, various regulations and policies and storage issues is projected to act as a roadblock for market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
